EQUIPMENT :

TRANSACTION :

SNK decided to close down this manufacturing facility and concentrate all machining in one location. Hilco made SNK an outright purchase offer for all of the Machinery & Equipment and did win the sale.

HIGHLIGHT :

Hilco organized a Private Treaty Sale and an Online Auction for the smaller equipment. The major machines were sold to Korea and the USA, the smaller machines sold in Germany and Poland.

CONCLUSION :

Within 4 months we are able to remove all Machinery & Equipment and cleaned up the buildings enabling SNK to return the Building to the Landlord well before the due date.